A payment of $10 is made on 31st December of each year from 2001 to 2012....
A payment of $10 is made on 31st December of each year from 2001 to 2012. Force of interest is 8% p.a.
What is the value of all payments accumulated on 31 December 2013?
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A payment of $10 is made on 31st December of each year from 2001
to 2012....
ABC PLC, which has a year-end of 31st December 2012, issued 2 for 3 bonus shares...
ABC PLC, which has a year-end of 31st December 2012, issued 2 for 3 bonus shares on 30th June 2012. Net income on 31 December 2011 is $7 000 000 and on 31 December 2012 is $8 000 000 and there were 3 000 000 shares on 1 January 2012. What is the earnings per share for 2012 taking into consideration the bonus issue? $1.33 $1.40 $1.60
ABC Incorporated manufactures and sells toys. The following was its balance sheet as on December 31st,...
ABC Incorporated manufactures and sells toys. The following was its balance sheet as on December 31st, 2011. ASSETS LIABILITIES AND STOCKHOLDERS EQUITY Cash $250,000 Accounts Payable $120,000 Accounts Receivable $300,000 Salaries Payable $80,000 Inventory $80,000 Dividends Payable $50,000 Property, Plant and Equipment (Less Accumulated Depreciation, 150,000) $630,000 Retained earnings $980,000 Intangible Assets $62,000 Common Stock 92,000 TOTAL 1,322,000 TOTAL 1,322,000 The following is the relevant information for the year ending 2012. The depreciation on property, plant and equipment for the...
15 expense ad intertech record this year for the December payment 17.00 a. None of these...
15 expense ad intertech record this year for the December payment 17.00 a. None of these are correct. 576.63 357.60 OP Aries InterTech Corporation needed financing to build a new manufacturing plant. On June 30 of this year, InterTech issued $2,175,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. What amount in interest expense did InterTech record this year for the December 31 payment? Select one:...
Ann has bought BigBank bonds as an investment. She purchased the bonds on 31 December 2012...
Ann has bought BigBank bonds as an investment. She purchased the bonds on 31 December 2012 (just after the semi-annual coupon payment due on that date had been paid), for a yield to maturity of 5% p.a. The bonds have a face value of $1000, a coupon rate of 4% p.a., a maturity date of 31 December 2030, and pay coupons twice a year. a. What price (per bond) did Ann pay for these bonds on 31 December 2012? b....
Help On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Ann...
Help
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments of $100,000 are due on December 31. The first payment was made on December 31, 2017, and the second payment was made on December 31, 2018. The present value at the inception of the lease for the 10 lease payments discounted at 10% was $676,000. The lease is appropriately accounted for as a capital lease by Ball Required:...
IDK, Inc. issues a $1,300,000 principal, 10% stated, 7% effective bond on January 2012. The bond matures on December...
IDK, Inc. issues a $1,300,000 principal, 10% stated, 7% effective bond on January 2012. The bond matures on December 31, 2015. Coupon payments and discounting are annual. a. Calculate the proceeds from the bond. Is this bond discount, premium, or par? b. Calculate the interest expense for the year ended December 31, 2013. c. Calculate the net bond payable on December 31, 2014.
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring...
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments of $100,000 are due on December 31. The first payment was made on December 31, 2017, and the second payment was made on December 31, 2018. The present value at the inception of the lease for the 10 lease payments discounted at 10% was $676,000. The lease is appropriately accounted for as a capital lease by Ball. Required: Compute...
Redlands, Inc. made the following investments on January 2, 2012, its first year of business: Item...
Redlands, Inc. made the following investments on January 2, 2012, its first year of business: Item Cost Residual Value Expected Life Cost Allocation Warehouse $120 $20 25 years Straight-line Machine 60 10 10 years Double-declining Photocopier 75 5 7,000 copies Productive output Patent 20 0 10 years Straight-line Trademark 10 0 Indefinite Not applicable Required (A): Record the adjusting journal entries on December 31, 2012. Redlands made 2,000 copies in 2012. Present the depreciation and amortization expenses on the 2012...
1. Record the beginning of the lease for Winn. 2.Record the advance payment made at the...
1. Record the beginning of the
lease for Winn.
2.Record the advance payment made at the beginning of the lease
by Winn.
3.Record the lease payment for Winn.
4. Record the amortization the right-of-use asset for Winn.
5.Recored depreciation for Winn.
6.Recored the lease payment for Winn.
7. Record the amortization of the right-of-use asset for
Winn.
8.Recored deprecation for Winn.
9.Recored the lease payment for Winn.
10.Recored the amortization of the right-of-use asset for
Winn.
11. Recored depreciation for...
ABC PLC has a year-end of 31st December 2012. During the year, ABC LTD redeemed 80...
ABC PLC has a year-end of 31st December 2012. During the year, ABC LTD redeemed 80 million of its existing share capital on 30th September 2012. Only 50% of the total amount payable on shares was paid on 30th September. The number of shares outstanding at the start of the year were 130 million. What is the weighted average number of shares to be used in the EPS calculation? 50 million 90 million 110 million 120 million ABC PLC has...
15 expense ad intertech record this year for the December payment 17.00 a. None of these are correct. 576.63 357.60 OP Aries InterTech Corporation needed financing to build a new manufacturing plant. On June 30 of this year, InterTech issued $2,175,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. What amount in interest expense did InterTech record this year for the December 31 payment? Select one:...
Help
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments of $100,000 are due on December 31. The first payment was made on December 31, 2017, and the second payment was made on December 31, 2018. The present value at the inception of the lease for the 10 lease payments discounted at 10% was $676,000. The lease is appropriately accounted for as a capital lease by Ball Required:...
IDK, Inc. issues a $1,300,000 principal, 10% stated, 7% effective bond on January 2012. The bond matures on December 31, 2015. Coupon payments and discounting are annual. a. Calculate the proceeds from the bond. Is this bond discount, premium, or par? b. Calculate the interest expense for the year ended December 31, 2013. c. Calculate the net bond payable on December 31, 2014.
1. Record the beginning of the
lease for Winn.
2.Record the advance payment made at the beginning of the lease
by Winn.
3.Record the lease payment for Winn.
4. Record the amortization the right-of-use asset for Winn.
5.Recored depreciation for Winn.
6.Recored the lease payment for Winn.
7. Record the amortization of the right-of-use asset for
Winn.
8.Recored deprecation for Winn.
9.Recored the lease payment for Winn.
10.Recored the amortization of the right-of-use asset for
Winn.
11. Recored depreciation for...
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